Solaris Energy Infrastructure Reports $219 Million Revenue for Q2 2026
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Key Takeaways
- Total revenue grew 47% sequentially to $219.4 million, primarily due to a 109% increase in Power Solutions revenue.
- The company reported Adjusted EBITDA of $108.3 million and invested $491.8 million in capital expenditures during the second quarter.
Solaris Energy Infrastructure, Inc. (NYSE: SEI) reported its second quarter 2026 financial results, highlighting major contract expansions for AI data center power and a strategic entry into advanced nuclear generation.
The company generated approximately $219 million in Q2 revenue, representing a 12% sequential increase, alongside an Adjusted EBITDA of $108 million, up 30% from the previous quarter. The growth was primarily driven by the Solaris Power Solutions segment, which saw revenue jump 23% sequentially to $158 million.
Surging Demand for AI Power Infrastructure
Solaris announced the expansion of three long-term contracts, which are expected to add over $100 million in expected annual Adjusted EBITDA.
Notably, the company expanded its February 2026 "Hatchbo" agreement to deliver and operate a fully turnkey 660 MW power plant. This facility will include balance of plant, battery storage, and energy management systems specifically designed to manage AI workloads. The contract's tenor was also extended from 15 years to up to 18 years.
Additionally, a large energy customer expanded its contracted microgrid capacity with Solaris from 60 MW to approximately 80 MW, extending the contract from four to six years. The company also expanded the scope of a separate April 2026 agreement to include additional energy storage assets and infrastructure support services.
Nuclear SMR Investment and Strategic M&A
In a move to secure next-generation baseload power technologies, Solaris made an equity investment in Deployable Energy, a Small Modular Reactor (SMR) technology company. Solaris intends to collaborate with Deployable Energy on the commercialization of its SMR technology to complement its existing power generation fleet.
To bolster its operational capacity and project execution, Solaris also acquired Global Energy Services Alliance, Inc. (GESA), bringing in-house aftermarket repair, maintenance, and commissioning services for a broad range of power generation technologies.
Backed by $2 billion in recent growth financing, including a $1.3 billion senior unsecured notes offering and a new $650 million credit facility, Solaris raised its Q3 2026 Adjusted EBITDA guidance to a range of $90 million to $105 million and established Q4 guidance at $100 million to $120 million.
